In the week ending December 15, steel
plate prices in the Chinese domestic market have mostly indicated upward movement, apart from slight downticks seen in northern areas and also decreases seen in prices of shipbuilding
plate, while transaction activity in the market is generally at decent levels, though activity has been slack in the north of the country.
Average steel plate prices in
China can be viewed in the SteelOrbis price reports section.
During the given week,
plate prices in eastern
China have seen significant rises due to tight supply as some steelmakers have been carrying out maintenance work. However,
plate prices in northeastern and northern
China have come under downward pressure due to slack demand in those regions. As for the long-term trend,
plate prices in eastern and southern
China may undergo corrections as more
plate supplies will circulate from northern
China. It is expected that steel
plate prices in the Chinese domestic market will continue to see a weak trend in northern
China, while prices are expected to move on a stronger trend in southern
China.